# Aquafeed.com |
   

   
    Fishmeal production falls sharply in early 2026 as fish oil shows resilience

> IFFO data show global fishmeal output fell 38% year on year in March 2026, and first-quarter production was down 28% versus 2025. Fish oil output declined less, down 12% over the first quarter. Peru's anchovy quota and China's muted seasonal demand are cited as key factors.

- Date: 2026-05-07 · published 2026-05-07T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/19162-aquafeed-com-fishmeal-production-falls-sharply-in-early-2026-as-fish-oil-shows
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Sharply lower fishmeal supply from Peru, which produces about 20% of global output in a typical year, tightens the protein market. Buyers should expect firmer fishmeal prices and more substitution toward soymeal.

## Read by commodity

- SBM: bullish ▲
- FISHMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2025-12-01 | [As fishmeal shortage nears, stakeholders call for controlled ramp up of insect feed production](https://feedsoft.ai/events/22046-as-fishmeal-shortage-nears-stakeholders-call-for-controlled-ramp-up-of-insect.md) | -2.5% | -4.4% |
| SBM | 2026-05-22 | [IFFO: Fishmeal production down, fish oil holds firmer ground - Feed & Additive Magazine](https://feedsoft.ai/events/19165-iffo-fishmeal-production-down-fish-oil-holds-firmer-ground-feed-and-additive.md) | -1.0% | -10.5% |
| SBM | 2017-01-28 | [3.7% rise in animal feed production](https://feedsoft.ai/events/73101-3-7-rise-in-animal-feed-production.md) | -3.3% | -3.5% |
| SBM | 2026-06-24 | [Global fishmeal output fell 28% in Q1 2026 as aquafeed industry accelerates search for alternatives \| eFeedLink](https://feedsoft.ai/events/18876-global-fishmeal-output-fell-28-in-q1-2026-as-aquafeed-industry-accelerates.md) | +0.1% | +4.2% |
| SBM | 2021-03-04 | [Argentina’s soybean production falls \| 2021-03-04  \| World Grain](https://feedsoft.ai/events/47976-argentina-s-soybean-production-falls-2021-03-04-world-grain.md) | -3.0% | -1.7% |

## Sources

- aquafeed.com: https://www.aquafeed.com/commodities/commodity-news/fishmeal-production-falls-sharply-in-early-2026-as-fish-oil-shows-resilience/
- intrafish.com: https://www.intrafish.com/markets/fishmeal-output-falls-sharply-amid-concern-over-key-fishery-landings/2-1-1986668

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.